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knusford bhd (KNUS) Details

Knusford Berhad, an investment holding company, is engaged in the reconditioning, sale, and rental of light, medium, and heavy machinery and equipment in Malaysia. It operates in four segments: Trading and Services, Property Development, Investment Property, and Construction. The company is involved in the sale and rental of machinery and equipment, including diesel engines-driven welders, tower lights, air compressors with skids, welding sets with trailers, rectifiers, water pump sets, forklifts, generator sets, bar benders and cutters, and concrete mixers. It also trades in building materials, such as reinforcement steel, structural/ferrous steel, precast concrete products, cement, CSR lightweight concrete blocks, petroleum, quarry products, bricks, geotextile/soil erosion control products, timber and plywood, chillers/air-conditioning systems, PVC/UPVC/HDPE pipes, paints, roofing systems, pavers blocks, ceiling and wall partitions, tiles/mosaics/marbles/granites, timber flooring, general door and window products, metal door and window frames, PVC doors and frames, stainless steel doors and frames, timber doors and frames, locksets and ironmongeries, and sanitary/wares and fittings. In addition, the company is involved in the supply of earth and marine sand; provision of transportation services; civil works contracting activities; development of townships, and residential and commercial properties; and rental of investment property. Knusford Berhad was founded in 1989 and is based in Kuala Lumpur, Malaysia.

knusford bhd (KNUS) Top Compensated Officers

knusford bhd (KNUS) Key Developments

Knusford Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Feb 17 15

Knusford Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of MYR 152,807,000 compared to MYR 26,195,000 a year ago. Results from operating activities were MYR 27,819,000 compared to loss from operating activities of MYR 2,781,000 a year ago. Profit before tax was MYR 28,090,000 compared to loss before tax of MYR 2,643,000 a year ago. Profit after tax was MYR 20,356,000 compared to loss before tax of MYR 571,000 a year ago. Total comprehensive income attributable to owners of the company was MYR 20,356,000 compared to MYR 571,000 a year ago. Basic earnings per share were 20.43 sen compared to 0.57 sen a year ago.
For the year, the company reported revenue of MYR 409,755,000 compared to MYR 297,267,000 a year ago. Results from operating activities were MYR 44,129,000 compared to MYR 35,164,000 a year ago. Profit before tax was MYR 44,024,000 compared to MYR 34,765,000 a year ago. Profit after tax was MYR 27,913,000 compared to MYR 23,226,000 a year ago. Total comprehensive income attributable to owners of the company was MYR 27,913,000 compared to MYR 23,226,000 a year ago. Basic earnings per share were 28.01 sen compared to 23.31 sen a year ago. Net cash generated from operating activities was MYR 39,825,000 compared to net cash used in operating activities of MYR 24,105,000 a year ago. Acquisition of property, plant and equipment was MYR 3,214,000 compared to MYR 1,208,000 a year ago. Acquisition of investment property was MYR 445,000 compared to MYR 278,000 a year ago.

Shanghai Greenland Construction Co Ltd Enter into A Joint-Venture with Knusford Bhd to Bid for Major Building and Infrastructure Projects in Malaysia and the Region

Feb 11 15

Shanghai Greenland Construction Co Ltd. has entered into a joint-venture (JV) with Knusford Bhd to bid for major building and infrastructure projects in Malaysia and the region. Under the deal announced, Kota Express Sdn Bhd and Greenland Construction's Malaysian entity Greenland Malaysia Urban Development Sdn Bhd (GMUD), will join hands to form a new special purpose vehicle (SPV) to spearhead their strategic alliance. GMUD and Kota Express will hold 55:45 equity respectively in the SPV, which is expected to be fully operational by this year. The companies said the SPV will bid for and participate in several major real estate development projects already announced by the Greenland Group. The SPV will also vie for other new and emerging construction and infrastructure jobs in the public and private sectors in Malaysia and the region. The signing was witnessed by Tunku Idris Iskandar Sultan Ibrahim, who represented Knusford chairman, Tunku Ismail ibni Sultan Ibrahim.

Knusford Appoints Lee Hun Kheng as Chief Executive Officer

Jan 31 15

Knusford has appointed Lee Hun Kheng as Chief Executive Officer. The effective date is January 30, 2015. Mr. Lee is a member of the Board of PLS Plantations Berhad since 1 August 2008.

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